【正文】 curement Guidelines and then developed and published Standard Bidding Documents (SBDs) for World Bank financed projects, and requested that its borrowers must use SBDs in World Bank financed projects. After extensive consultations, MOF and the World Bank agreed to revise and update MBDs developed since 1991 in reference to SBDs. The revised and updated MBDs were republished in 1997. Over the past 20 years, use of MBDs has played a positive role in regulating and standardizing procurement activities of World Bank financed projects in China and has also produced favorable impacts on the development of China’s relevant procurement systems. In October 2020, multilateral development banks and relevant international financial institutions produced and published Harmonized Bidding Documents and User’s Guide. These harmonized documents extensively reflect “best practice” results of these international institutions. The World Bank’s SBDs prepared based on the harmonized bidding documents have since been used in international petitive bidding activities for World Bank financed projects in China. In recent years and in response to the developing and changing situation, international financial institutions including the World Bank have been revising and improving their procurement policies and begun to emphasize and promote the use of country procurement systems in projects financed by them. Meanwhile, in recent years China’s domestic project development environments have experienced remarkable changes, procurement related laws and institutions have been improving, and carrying out open tendering and use of SBDs in public procurement have been widely accepted. These have had some positive effects on bidding activities, especially national petitive bidding (NCB) activities of projects financed by the World Bank and other international financial institutions. Based on the above and considering that the operations of Asian Development Bank (ADB) have also been managed by MOF since the 1998 institutional reform, in order to adapt to a developing situation, further strengthen management of projects financed by international financial institutions and regulate and standardize relevant procurement activities, with the assistance from the World Bank and ADB, MOF conducted prehensive revision of Model NCB Procurement Documents for World Bank Financed Projects and changed the name to Model NCB Procurement Documents for Projects Financed by International Financial Institutions (the new MBDs) to enable their broader application. The new MBDs have adequately considered China’s relevant procurement laws and regulations as well as requirements in the World Bank’s and ADB’s procurement guidelines and policies, reflecting the costeffectiveness, efficiency and transparency principles that shall be plied with in the procurement cycle and stressing the requirements of fighting against fraud and corruption in procurement. The new MBDs apply to NCB procurement activities for all lending and grant projects financed by the World Bank and ADB in China. In the meantime, MOF encourages use of new MBDs for NCB procurement activities of projects financed by other international financial institutions. Summary Description The new MBDs include National Competitive Bidding Document for Procurement of Goods and National Competitive Bidding Document for Procurement of Civil Works. The two documents have both Chinese and English versions so that they can meet the needs of different language users. The new MBDs prise three parts and nine chapters. Part One provides bidding procedures, including Instructions to Bidders, Bidding Data Sheet, Bid Evaluation and Qualification Criteria, Bidding Document Format and Eligible Countries。 or (b) they received or have received any direct or indirect subsidy from any of them。 (b) Bid Security, in accordance with ITB Clause 21。 (ii) the price for transportation, insurance, and other Related Services (inclusive of any applicable taxes) required to convey the Goods to their final destination (Project Site) Section I. Instruction to Bidders (ITB) 10 specified in the BDS. Prices quoted by the Bidder shall be fixed during the Bidder’s performance of the Contract and not subject to variation on any account unless otherwise specified in the BDS. A Bid submitted with an adjustable price quotation shall be treated as non responsive and shall be rejected, pursuant to ITB Clause 30. However, if in accordance with the BDS, prices quoted by the Bidder shall be subject to adjustment during the performance of the Contract, a Bid submitted with a fixed price quotation shall not be rejected, but the price adjustment shall be treated as zero. If so indicated in ITB SubClause , bids are being invited for individual contracts (lots) or for any bination of contracts (packages). Unless otherwise indicated in the BDS, prices quoted shall correspond to 100% of the items specified for each lot and to 100% of the quantities specified for each item of a lot. Bidders wishing to offer any price reduction (discount) for the award of more than one Contract shall specify the applicable price reduction in accordance with ITB SubClause provided the bids for all lots are submitted and opened at the same time. 15. Currency of Bid Prices shall be quoted in Chinese Renminbi. 16. Documents Establishing the Eligibility of the Bidder To establish their eligibility in accordance with ITB Clause 4, Bidders shall plete the Bid Submission Form, included in Section IV, Bidding Forms. If the Bidder is an existing or intended joint venture (JV) in accordance with ITB of the BDS, the Bidder shall submit a copy of the JV agreement or a letter of intent to enter into such agreement. The respective document shall be signed